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M2: US: Difference between revisions
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Beginning May 2020, M2 consists of M1 plus (1) small-denomination time deposits (time deposits in amounts of less than $100,000) less IRA and Keogh balances at depository institutions; and (2) balances in retail MMFs less IRA and Keogh balances at MMFs. Seasonally adjusted M2 is constructed by summing savings deposits (before May 2020), small-denomination time deposits, and retail MMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1. | |||
== Developments == | == Developments == | ||
[[File:Screenshot 2023-08-28 134720.png|center|thumb|938x938px|https://fred.stlouisfed.org/series/M2SL]] | [[File:Screenshot 2023-08-28 134720.png|center|thumb|938x938px|https://fred.stlouisfed.org/series/M2SL]] | ||